Alberta Investment Management Corp Takes Position in Booz Allen Hamilton Holding Co. (NYSE:BAH)

Alberta Investment Management Corp bought a new position in shares of Booz Allen Hamilton Holding Co. (NYSE:BAH) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 29,400 shares of the business services provider’s stock, valued at approximately $3,784,000.

A number of other institutional investors have also made changes to their positions in the business. Van ECK Associates Corp increased its holdings in shares of Booz Allen Hamilton by 51.7% in the fourth quarter. Van ECK Associates Corp now owns 951,605 shares of the business services provider’s stock valued at $122,472,000 after purchasing an additional 324,159 shares during the last quarter. Empirical Asset Management LLC bought a new stake in shares of Booz Allen Hamilton during the 4th quarter worth about $1,900,000. Blue Trust Inc. grew its stake in Booz Allen Hamilton by 133.8% in the 4th quarter. Blue Trust Inc. now owns 6,566 shares of the business services provider’s stock valued at $845,000 after buying an additional 3,758 shares during the last quarter. Bartlett & CO. Wealth Management LLC raised its holdings in Booz Allen Hamilton by 1.6% in the 4th quarter. Bartlett & CO. Wealth Management LLC now owns 539,589 shares of the business services provider’s stock valued at $69,445,000 after acquiring an additional 8,365 shares during the period. Finally, DAVENPORT & Co LLC raised its holdings in Booz Allen Hamilton by 45.6% in the 4th quarter. DAVENPORT & Co LLC now owns 49,798 shares of the business services provider’s stock valued at $6,405,000 after acquiring an additional 15,592 shares during the period. 91.82% of the stock is owned by institutional investors and hedge funds.

Booz Allen Hamilton Stock Performance

Booz Allen Hamilton stock opened at $113.54 on Friday. The stock has a market cap of $14.38 billion, a PE ratio of 16.92, a P/E/G ratio of 1.32 and a beta of 0.55. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 2.72. Booz Allen Hamilton Holding Co. has a 12-month low of $110.57 and a 12-month high of $190.59. The business’s 50-day moving average price is $129.90 and its two-hundred day moving average price is $147.98.

Booz Allen Hamilton (NYSE:BAH) last released its quarterly earnings data on Friday, January 31st. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.48 by $0.07. Booz Allen Hamilton had a net margin of 7.39% and a return on equity of 68.97%. As a group, analysts expect that Booz Allen Hamilton Holding Co. will post 6.44 earnings per share for the current fiscal year.

Booz Allen Hamilton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 4th. Investors of record on Friday, February 14th will be issued a dividend of $0.55 per share. This is an increase from Booz Allen Hamilton’s previous quarterly dividend of $0.51. The ex-dividend date of this dividend is Friday, February 14th. This represents a $2.20 annualized dividend and a dividend yield of 1.94%. Booz Allen Hamilton’s dividend payout ratio (DPR) is 32.79%.

Analyst Upgrades and Downgrades

BAH has been the topic of several research reports. Jefferies Financial Group downgraded Booz Allen Hamilton from a “buy” rating to a “hold” rating and upped their target price for the company from $180.00 to $190.00 in a research report on Monday, November 4th. The Goldman Sachs Group decreased their price objective on Booz Allen Hamilton from $210.00 to $158.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Wells Fargo & Company dropped their target price on Booz Allen Hamilton from $177.00 to $171.00 and set an “overweight” rating for the company in a report on Wednesday, January 8th. Cantor Fitzgerald initiated coverage on shares of Booz Allen Hamilton in a research report on Friday, February 7th. They issued an “overweight” rating and a $160.00 target price for the company. Finally, Barclays raised Booz Allen Hamilton from an “underweight” rating to an “equal weight” rating and set a $140.00 price target on the stock in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Booz Allen Hamilton presently has a consensus rating of “Moderate Buy” and a consensus target price of $158.91.

Booz Allen Hamilton Company Profile

Booz Allen Hamilton Holding Corporation provides management and technology consulting, analytics, engineering, digital solutions, mission operations, and cyber services to governments, corporations, and not-for-profit organizations in the United States and internationally. It focuses on artificial intelligence services comprising of machine learning, predictive modeling, automation and decision analytics, and quantum computing.